I think it can only go to 100%. Because everything will become nonsensical to hold as a store of value to the point it won't even serve the purpose of transfer of value.
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Things don’t have to be a “store of value” per say to have value. Ex. houses will still be worth something, but their price will drop nearer to their *utility* value because, to your point, nearly 100% of all *monetary* value will be eaten by Bitcoin.
Right but isn't that global wealth that is currently denominated in FIAT. If there is one currency then it all needs to have a currency denomination.